About Bank of Baroda Car Loan Hyderabad

The city of Hyderabad attracts a large number of IT professionals as there are various software firms operating here. These professionals and other segments of the city’s population have their eyes firmly attached to the attractive car loan offer across the lenders. So, if you belong to Hyderabad and in search of a car loan, you can apply for the same at Bank of Baroda, which has a substantial presence in the city.

Bank of Baroda Car Loan Hyderabad at a Glance

Particulars

Details

Interest Rate

8.80% - 10.55%

Loan Amount

Upto ₹ 1 Cr

Loan Tenure

Upto 7 Years for New Cars. No Finance for Used Cars

Processing Fee

0.50% of Loan amount Minimum: ₹2,500/- Maximum ₹10,000/- + GST

Prepayment Charges

NIL

Eligibility Criteria

Get an idea of the eligibility test conducted by BoB to approve you a car loan in Hyderabad. Try to be in line with the below points for a smooth approval of your car loan application at Bank of Baroda in Hyderabad.

Both salaried and self-employed should be a minimum of 21 years at the time of loan application. While both of them must ensure they are not more than 65 years by the time the proposed loan tenure expires.

The bank seeks a stable source of earning before approving the loan.

Documentation

There is a list of documents that Bank of Baroda asks before giving the approval to a car loan in Hyderabad. These documents are basically for checking the identity, residence, income and other details. So folks, get ready with these documents for a hassle-free loan approval by BoB in Hyderabad.

Bank of Baroda Car Loan Hyderabad Branches

Don’t know where the branches of BoB are located in Hyderabad? A table below will be your ideal friend for the same as it contains information regarding the address, IFSC Code, MICR Code as well as contact numbers. So, visit the nearest one and grab the best car loan deal.

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